The beauty of the Corporate Sustainability Reporting Directive
Why all business leaders should be interested in CSRD
With the introduction of the European Corporate Sustainability Reporting Directive (CSRD), companies face significant changes in how we work with sustainability. A vast number of companies must work strategically and prepare sustainability reports according to the new guidelines.
CSRD substantially increases sustainability reporting obligations but (and more importantly) it also sets a new standard for how to work with sustainability from a strategic and structural level throughout the company.
A key aspect is the dual materiality concept, requiring companies to identify, take action and report both the environmental and social impacts of their operations as well as how sustainability issues affect their financial results, today and tomorrow.
The directive also promotes shifts in goal-setting, accountability, and sustainability oversight within organizations, impacting executive management and extending to the value chain. This leads organizations to enforce sustainability standards on subcontractors and pushes financial institutions to demand greater transparency in sustainability practices.
It is now the Board of Directors who own the overarching responsibility on how we work with sustainability whining the company. The management team, financial team, procurement and sales - as well as other key functions - all play a crucial part in making the company not only compliant but using this new framework to do better and more sustainable business.
The Omnibus changes.... nothing
In late February the EU Commission proposed changes to CSRD with the aim to rationalize and make the reporting less administrative. If the proposed changes are done, only companies over 1000 employees will report on the full CSRD going forward.
Noteworthy is that this is still a proposal, that has to pass the parlament and voted through by the member states, and thereafter incorporated in national law. Until then the directive stands (making reporting mandatory in 2025 for companies with over 250 employees). Our recommendation is therefore to keep the pace and direction until further notice, prioritizing all activities that benefits the corporation already.
Interested to hear more on the CSRD and what is at the horizon? Get in touch!
TRAINING & COURSES
CRASH COURSE IN CSRD (OR "CSRD FOR DUMMIES")
A comprehensive overview on what CSRD means for you, where it stems from and how we can maximize the positive effect within your corporation.
OPEN TRAINING: PRACTICAL GUIDE TO CSRD
Hands-on training on the basis of CSRD and how to perform a Double Materiality Analysis. Next open session now open for registration...
CORPORATE TAILORED TRAININGS
We meet you, where you are on your CSRD-journey and tailor a training specifically to your needs. To a boad of directors, a management team or a cross functional team of your choice.
OPEN TRAINING:
Practical guide to CSRD
A practical course where you get the deep knowledge as well as hands-on tools to take your strategic sustainability efforts further. Overall understanding of the new legislation as well as guidance in how to perform your Double Materiality Assessment, mandatory for the organisations that are met by the new Corporate Sustainability Reporting Directive (CSRD), and how to get going with your practical reporting.
- Overarching guide to Sustainability at large, current developments and trends, including the new laws and regulations (incl CSRD, Taxonomy and CSDDD)
- An in depth run through of the principles of CSRD (the directive and the correlative actions needed for corporations regarding strategy and reporting) and ESRS (the reporting standards)
- Deep dive into the Double Materiality Analysis – including detailed guidance on strategy and structure
- Detailed information on impact & risk analysis and classification alongside actual examples and templates
- What’s next – how to build from the results of the DMA
Price: SEK 5 500 (ex VAT) per person, or SEK 8 000 (ex VAT) for two
(so bring a colleague or friend...)
Getting ahead
Weather you are interested in learning more about how you can benefit from the new legislation, are curious how to scale your sustainable business or how to accelerate the shift - Kiada is here to guide and support you!
